In today's Federal Newscast: The Federal Retirement Thrift Investment Board is going under the microscope. The Agriculture and Interior secretaries are urged to immediately hire more federal firefighters. And new tactical bras for female soldiers are on the drawing board.
For some, TSP (with its generous government match) will provide one-third to as much half the money they have to spend in retirement. Regardless of the percentage, it’s a lot. So how do you become a TSP millionaire?
The new, expanded TSP is only a few months old. And it's getting lots of attention, good and bad, from its 6 million investors.
TSP returns are down almost entirely across the board for the month of August.
Accenture Federal Services, the contractor behind the new TSP recordkeeper, said it didn’t nearly anticipate the level of challenges that followed the Converge launch.
Many investors know the conventional thing to do, when times are good. But when things go south, which they do regularly, the fight-or-flight instinct kicks in. Times like now.
Looking into enrollment numbers for the TSP mutual fund window, an upcoming GAO investigation and the latest TSP millionaires report.
If you choose the invest-for-the-long haul course you may, as 112,000 rank-and-file federal and postal workers have done, become a TSP millionaire. But the keys are long-term investing and doing what the proven winners have already done.
Also in today's Federal Newscast, the Nuclear Regulatory Commission is criticized for its lack of transparency, and the Pentagon releases its first-ever social-media policy for official accounts.
A million dollar nest egg may be a reasonable goal at age 25. But that could change by the time you are 50 or 60. Maybe been through a major recession or two. Or seen inflation skyrocket.
With so many feds retirement-eligible, many are likely crunching the numbers to decide if it is better to be retired from government than working for it. Both financially and emotionally.
Probate can be a lengthy and expensive process that takes months, even years in some cases, to determine how your estate will be split up. Learn what you need to legally protect your family/friends and be sure they get what you want them to get.
Also in today's Federal Newscast, the Marine Mammal Commission has its ethics called into question, and GAO is concerned the Navy is trying to impede Congressional oversight.
All funds finished in the black as well, the first such time since April 2021.
For TSP participants, customer service hold times are down to 15 minutes on average, but lawmakers are calling for a deeper investigation of TSP issues.